Business Today: Stock futures advance on Alcoa profit, commodities



Reuters

Good Morning Robert, THU 08 Oct 2009 

today's headlines

Stock futures advance on Alcoa profit, commodities
Same-store sales show some growth
U.S. jobless claims fall more than expected
Alcoa posts surprise quarterly profit
Marriott beats Street
PepsiCo profit tops expectations
ECB holds rates, to caution on economy
Justice Department opens IBM antitrust probe
Barnes & Noble sees same-store sales decline
Citi management gets satisfactory marks in review
 

today's videos

REUTERS VIDEO:Nissan eyes "electric" future REUTERS VIDEO:Let the earnings begin! REUTERS VIDEO:Smartphone wars

more details

Stock futures advance on Alcoa profit, commodities
October 08, 2009 08:23 AM ET
NEW YORK (Reuters) - Stock futures rose on Thursday as the latest earnings season got off to a positive start after Alcoa posted a surprise profit and as surging commodity prices underpinned a global equity advance.

Full Article
Same-store sales show some growth
October 08, 2009 08:04 AM ET
CHICAGO (Reuters) - U.S. retailers, including Limited Brands Inc and Children's Place, surprised Wall Street with small increases in September sales, suggesting that shoppers could be heading back for the crucial holiday season.

Full Article
U.S. jobless claims fall more than expected
October 08, 2009 08:34 AM ET
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless insurance fell more-than-expected to a nine-month low last week, according to a government report on Thursday that suggested the labor market was healing despite a setback in September.

Full Article
Alcoa posts surprise quarterly profit
October 08, 2009 12:15 AM ET
NEW YORK (Reuters) - Alcoa Inc posted a surprise profit on Wednesday through cost cutting and higher aluminum prices after three consecutive quarterly losses, sending its stock 6 percent higher.

Full Article
Marriott beats Street
October 08, 2009 08:34 AM ET
NEW YORK (Reuters) - Marriott International posted a third-quarter profit that surpassed analyst estimates on Thursday, but said the pricing environment in 2010 would remain difficult.

Full Article
PepsiCo profit tops expectations
October 08, 2009 08:26 AM ET
NEW YORK (Reuters) - PepsiCo Inc reported a higher-than-expected quarterly profit on Thursday, helped by increased sales volumes of snacks and beverages.

Full Article
ECB holds rates, to caution on economy
October 08, 2009 08:20 AM ET
VENICE, Italy (Reuters) - The European Central Bank kept its interest rates at a record-low 1.0 percent on Thursday and its head Jean-Claude Trichet is expected to caution against hopes of a speedy economic recovery.

Full Article
Justice Department opens IBM antitrust probe
October 08, 2009 03:36 AM ET
WASHINGTON (Reuters) - The U.S. Justice Department is investigating allegations that International Business Machines abused its dominance of the mainframe business to squeeze rivals, Computer and Communications Industry Association Chairman Ed Black said on Wednesday.

Full Article
Barnes & Noble sees same-store sales decline
October 08, 2009 07:28 AM ET
NEW YORK (Reuters) - U.S. bookseller Barnes & Noble Inc said on Thursday it expects lower same-store sales for its current quarter and full year after adjusting its financial reporting period to reflect a recent acquisition.

Full Article
Citi management gets satisfactory marks in review
October 08, 2009 06:26 AM ET
BOSTON/NEW YORK (Reuters) - A review of Citigroup Inc's management team, demanded by U.S. regulators in the aftermath of the financial crisis, gave it satisfactory marks, according to a person familiar with the matter.

Full Article
 
 











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